Technical Bounce for Oversold Soybeans, What's the Next Move?
Oct 29, 2013
Soybeans moved higher today on mostly technical trade. Yesterday's sell off was viewed as over done and harvest progress was a little lower than anticipated. Corn has potential to move lower, but tomorrow's EIA ethanol production data could support. Wheat has been the leader at times and the market is eagerly awaiting an international tender out of Egypt. Tune in for a full breakdown. Visit us at GrainHedge.com or give a call at 877-472-4607 to take a free trial of the trading platform you see here on GrainTV and to start charting these technicals at your home or office!
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